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First Minister calls on UK Government to provide support for power storage

First Minister Humza Yousaf has called on the UK Government to provide support for power storage as he visited the site of a potential new £500 million plant. Energy firm Drax has been given permission to develop the new underground pumped storage ...

25 Jul 2023 at 14:11

New subsidies for Drax that ‘halve’ payments for burning wood for power

New subsidies have been announced for wood-burning power plant Drax, which the Government said would halve costs for consumers and improve sustainability. Subsidies for the major power station in Yorkshire, which produces around 5% of the UK’s ...

10 Feb 2025 at 10:58

City

Drax announces data centre plans as earnings expected at ‘top end’ of forecasts

Energy company Drax has said it expects earnings to be at the “top end” of market forecasts after a “strong” performance this year, as it announces plans to develop a data centre at its Yorkshire site. The FTSE 250 firm said trading was ...

11 Dec 2025 at 08:10

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